I opened a BUY on EUR/MXN based on a solid multi-timeframe analysis. The entry price is 21.07455, with a target of 21.41824 (potential profit 1.48%) and a stop loss of 20.96655 (risk 0.66%). The risk/reward ratio of 2.23 convinced me to proceed.
I analyzed the situation using not only the Alligator indicator, which highlights a well-defined bullish trend, but also the WaveTrend, which confirms a possible continuation of the upward movement. For greater security, I checked the higher timeframes (4H and 1D), and these also strengthen my trading idea: the price seems to respect a long-term bullish pattern.
This setup gives me confidence because it combines a well-calculated entry with limited risk and confirmation on multiple timeframes. Now it only remains to follow the market and see if my analysis will be rewarded.
I analyzed the situation using not only the Alligator indicator, which highlights a well-defined bullish trend, but also the WaveTrend, which confirms a possible continuation of the upward movement. For greater security, I checked the higher timeframes (4H and 1D), and these also strengthen my trading idea: the price seems to respect a long-term bullish pattern.
This setup gives me confidence because it combines a well-calculated entry with limited risk and confirmation on multiple timeframes. Now it only remains to follow the market and see if my analysis will be rewarded.
Trade active
Last session closed with a +0.48%. I expect a continuation of the rise next week.Trade closed: target reached
In just about 4 days of operation the trade was closed successfully.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.